The role of international organizations (IMF, World Bank) in setting fiscal policies

Rominajafari¹ Shayesteh Hassani² Minoo Jabbari³

1) students in banking management
2) students in banking management
3) students in banking management

IOI Code : ABDE-ABEFKK
Publication : 6th International Conference on Advanced Research in Management And Humanities(huconf.com)
Abstract :
    The aim of this article is to examine and explain the key role of international organizations, especially the International Monetary Fund (IMF) and the World Bank, in the process of settingand guiding national fiscal policies. This research, with a descriptive-analytical approachandrelying on library studies, elucidates the mechanisms, tools, and influence of these institutionson countries approaches to financial management, macroeconomic stability, and long-termdevelopment objectives. The findings show that the IMF, through supervision, conditional loangrants, and technical assistance, affects countries monetary, fiscal, and exchange policies, while the World Bank, focusing on sustainable development and poverty reduction, assistsmember countries in structural and fiscal reforms through project financing and policy advice. The collaboration of these two organizations provides a comprehensive framework for guidingglobal fiscal policies

Keywords : international monetary fund world bank fiscal policy global economy economic development financial stability international institutions